4 (20 points) Lakeland Chemical manufactures a product called Zing, Direct materials are added at the beginning of the process, and conversion activity occurs uniformly throughout production. The beginning work-in-process inventory is 60% complete with respect to conversion; the ending work-in-process inventory is 40% complete. The following data pertain to May: Units Work in process, May 1 10,000 Units started during May 60,000 Units completed and 63,000 transferred out Work in process, May 31 7,000 Convers Direct Convers Total Material ion S Costs Costs: Work in process, May 1 $41,000 $16,000 $25,000 Costs incurred during 236,000 73,000 163,000 May $188,00 Totals $277,000 $89,000 0 1. Using the weighted-average method of process costing, the equivalent units of direct materials total: A. 68,000. B. 69,400. C. 70,000. C. 70,000. D. 75,000. 2. Using the weighted-average method of process costing, the equivalent units of conversion activity total: A. 60,400. B. 65,800. C. 69,400. D. 74,000. 3. Using the weighted-average method of process costing, the cost per unit of direct materials is: A. $1.17. B. $1.18. C. $1.27. D. $1.28 4. Using the weighted-average method of process costing, the cost per unit of conversion activity is: A. $2.50. B. $2.86. C. $2.70. D. $2.76